Arab National Bank Sustainability Profile
Arab National Bank (ANB), headquartered in Saudi Arabia, is a prominent player in the banking and financial services industry. Established in 1979, ANB has grown to become a key financial institution, serving both individual and corporate clients across the Kingdom and the wider Middle East region. The bank offers a diverse range of products and services, including retail banking, corporate finance, investment services, and treasury operations. ANB is recognised for its innovative digital banking solutions, which enhance customer experience and accessibility. With a strong market position, the bank has achieved notable milestones, including awards for excellence in customer service and digital transformation. ANB's commitment to financial inclusion and sustainable development further solidifies its reputation as a trusted banking partner in the region.
DitchCarbon Score
How does Arab National Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Arab National Bank's score of 22 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arab National Bank's reported carbon emissions
In 2022, Arab National Bank reported a greenhouse gas (GHG) emissions intensity of approximately 907.2 kg CO2e per employee. This figure reflects the bank's operational impact but does not specify emissions across Scope 1, 2, or 3 categories, as no detailed emissions data has been disclosed for these scopes. The bank's emissions intensity has shown a slight improvement from 2021, where it was about 1043.3 kg CO2e per employee, and from 2020, which recorded approximately 852.8 kg CO2e per employee. However, specific reduction targets or commitments to decrease overall emissions have not been established or disclosed by Arab National Bank. As of now, there are no climate pledges or initiatives reported, and the bank does not inherit emissions data from any parent or related organizations. The absence of detailed emissions data and reduction targets indicates a need for enhanced transparency and commitment to climate action within the banking sector in Saudi Arabia.
How Carbon Intensive is Arab National Bank's Industry?
How Carbon Intensive is Arab National Bank's Location?
Arab National Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Arab National Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
